July 22, 2015

Bits Bucket for July 22, 2015

Post off-topic ideas, links, and Craigslist finds here.




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252 Comments »

Comment by Goon
Comment by Raymond K Hessel
2015-07-22 04:41:19

+1

Comment by Mafia Blocks
2015-07-22 05:20:32

+3

Comment by WPA
2015-07-22 08:45:11

- a big number

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Comment by Mafia Blocks
2015-07-22 11:56:27

You’re outnumbered and out gunned.

 
Comment by Califoh20
2015-07-22 11:57:52

Gotta love the GOP’s best and brightest star! TRUMP!!

Hopefully he gives his votes to Rand Paul when he bails out. Of course he does not want the job.

 
Comment by In Colorado
2015-07-22 12:33:28

Of course he does not want the job.

I don’t know … the guy has a big ego.

 
Comment by Califoh20
2015-07-22 12:50:51

But Trump does not want the responsibility and stress. His life is cushy now, why take a real job?

 
Comment by Raymond K Hessel
2015-07-22 16:41:00

Maybe he sees it as a final hurrah. He’s got the chance to rise to real greatness, if he chooses to take it. Maybe that’s incentive enough.

Or maybe he’s just a charlaton like the rest of them.

 
 
 
 
Comment by Goon
2015-07-22 04:50:07

This is his Twitter feed link viewable on the internets without registering on Twitter or downloading an app:

https://mobile.twitter.com/realdonaldtrump

Comment by palmetto
2015-07-22 08:48:33

Heh, just checked the feed. Looks like he’s had some sort of rapprochement with Chuck Todd. I guess Todd cut him a break for once. And that just shows how the Donald may lash back at those who diss him, but he’s willing to acknowledge a change of heart and fairness as well.

Not that i trust Todd, but he’s no dummy. He might be one of the MSM slowly waking up and realizing which way the wind blows.

 
 
Comment by palmetto
2015-07-22 05:02:33

Amen, brothah! I about messed myself when he stuck it to little Lindsey. Now THERE was a moment. Wheeeeeeee! What fun! For once the race for prez is something more than a dreary parade of mealy-mouth sell outs. The geldings hate having a stallion loose among them.

Comment by Goon
2015-07-22 05:54:56

+1

Trump straight up calling Lindsey Graham a loser and a nobody, in his home state no less, is the best thing yet I’ve heard from Trump

Comment by palmetto
2015-07-22 06:28:04

Trump Melvined Graham

See Bill & Ted’s Bogus Journey

https://www.youtube.com/watch?v=0cBRpW2GGlc

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Comment by Califoh20
2015-07-22 12:05:34

90% of America agrees Lindsey Graham is a loser. Easy points for the Trumpster. Trumpo is on Anderson Cooper tonight.

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Comment by MightyMike
2015-07-22 13:16:21

My guess is that most Americans have never heard of Lindsay Graham. On the other hand, he must be fairly popular among Republicans in his state, which is an important primary state.

 
Comment by Califoh20
2015-07-22 13:53:14

If you are a Jon Stewart fan, you know LG and laugh your a$$ off.

 
Comment by MightyMike
2015-07-22 14:16:26

I don’t know much about him. I do know that he got elected to the Senate.

 
Comment by Raymond K Hessel
2015-07-22 16:42:20

If Graham’s not on the Likud Party’s payroll, he should be. Along with McCain.

 
 
Comment by AmazingRuss
2015-07-22 12:29:00

I love how he says exactly what’s on his mind, and doesn’t back down. I wish a candidate that wasn’t a complete ignoramus had this quality. Maybe Rand will come around from his GOP butt kissing.

Watching Hillary speak in her robot voice and make her little robot gestures is just creepy as hell. It’s like she escaped from the audioanimitron exhibit at disney.

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Comment by RioAmericanInBrasil
2015-07-22 13:23:57

I wish a candidate that wasn’t a complete ignoramus had this quality.

John Kasich and Bernie Sanders aren’t totally full of BS. (For politicians)

John Kasich Enters 2016 Race, Hoping Centrist Appeal Sets Him Apart
New York Times‎ - 19 hours ago
John R. Kasich, a voluble and blunt-talking maverick who is hoping his upbeat vision for a …

 
Comment by AmazingRuss
2015-07-22 14:04:26

Kasich is cool in that he’s a Christian that walks the walk. I don’t agree with a lot of his values, but he sticks to them, in the face of a party full of hypocrites. It’s admirable.

 
 
 
Comment by RioAmericanInBrasil
2015-07-22 13:17:01

For once the race for prez is something more than a dreary parade of mealy-mouth sell outs

I disagree. 2012’s Republican Clown Car was not dreary. But this one is a lot more fun to watch. It’s like a slow-mo implosion of an angry, dying national party.

But if you want to be pragmatic and realistic instead of just wanting to stick it to politics as usual, every bump up in the polls for Trump is putting a Democrat closer to being elected. But you Repubs created this monster and you own it. Good luck with that! :)

How did this monster get created? The decades of GOP lies
./how_did_this_monster_get_created_the_decade…
Donald Trump did not happen overnight. He’s the product of a dangerous, cynical GOP strategy that dates back years.

Comment by beetlejuice
2015-07-22 17:53:07

Hil-Omaly-Bernie-biden-yellen

all white, ol and ugly. What a pathetic bunch.

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Comment by Goon
2015-07-22 05:08:40

See also this Rush Limbaugh transcript discussing Trump, McCain, and the media:

http://www.rushlimbaugh.com/daily/2015/07/20/trump_teachable_moment_how_come_liberals_can_savage_mccain_s_service

P.S. real journalists and the GOP establishment can go choke on a chicken bone

 
Comment by Goon
Comment by palmetto
2015-07-22 06:01:08

Everybody wants a piece of him, including this loser Harry Reid. Even the dems are crapping themselves, and the boogeyman is Hillary, LOL! As in, Donald Trump is good for the dems, because Hillary! And that’s how you know how desperate things are getting, for both the Rhinos and the Dems. Trump would wipe the floor with her.

http://news.yahoo.com/sen-reid-raps-republicans-over-response-trump-comments-191003444–election.html

I gotta hand it to the guy, he’s got EVERYONE going in an absolute chew-the-rug foam-at-the-mouth frenzy.

Comment by Raymond K Hessel
2015-07-22 06:47:07

Nothing terrifies the Oligopoly and its captured political and media elites than the thought of an aware, awakened citizenry who suddenly digs in their heels against being herded into the incorporated neo-liberal plantation/slaughterhouse that has been painstakingly prepared for them. When 95% of ‘Muricans bent over like docile little sheep in ‘08 and ‘12 with their votes for crony capitalist water carriers Obama, McCain, and Romney, the oligarchs must’ve thought their looting agenda was going better than imagined. Now Trump shows up, and the Oligopoly’s Republicrat water carriers, in whom they’d invested good money, are suddenly being routed by an upstart who can’t be bought and who doesn’t play nice. So naturally the likes of the MSM and Ms. Lindsey Graham have their panties in a twist.

I’m loving it. Giving the finger to the corrupt, sleazy GOP Establishment sell-outs feels damn good after being thrown under the bus so many times.

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Comment by AmazingRuss
2015-07-22 12:30:01

He’s awesome for this reason… but I would not want him in charge of the largest nuclear arsenal in the world.

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Comment by Raymond K Hessel
2015-07-22 06:01:24

Meanwhile, the Oligopoly’s Annointed One, Hillary, is sinking in the polls even against the more ghastly of the Establishment GOP clown car candidates-for-hire. Nothing would make her happier than to see HillaryJeb forced out of the race by popular rejection and revusion as more and more of the sheeple wake up and refuse to support these oligarch stooges.

http://www.cnn.com/2015/07/22/politics/hillary-clinton-marco-rubio-jeb-bush-polls/index.html

Comment by Raymond K Hessel
2015-07-22 06:07:03

I mean, nothing would make ME happier than seeing HillaryJeb forced out of the race. Meanwhile, our self-described “champion of the middle class” is lining up the usual big-bucks donations from lobbyists representing the usual corporate wire-pullers for crony capitalists like Hillary.

http://libertyblitzkrieg.com/2015/07/21/how-lobbyists-for-monsanto-exxon-mobil-microsoft-and-the-telecom-industry-are-bundling-funds-for-hillary/

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Comment by Professor Bear
2015-07-22 20:03:23

Hear, hear!

 
 
 
 
Comment by WPA
2015-07-22 08:43:03

Trump is a 0.1% crony capitalist of the first degree. You’ve been suckered in by his snake oil pitch, hook line and sinker.

Comment by Mafia Blocks
2015-07-22 11:57:29

You’re out of excuses.

 
Comment by Califoh20
2015-07-22 12:11:16

We all know he wont take the job, so let him destroy the house for a while.

Hillary? blah!

Bernie maybe.

Rand Paul 2016! He might actually shrink the gov and cut spending.

Comment by AmazingRuss
2015-07-22 12:31:33

Here’s hoping that GOP slime Rand exhibits is just an act to get in the door.

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Comment by Professor Bear
2015-07-22 20:04:23

That strategy worked out poorly for Romney.

 
 
 
 
Comment by oxide
2015-07-22 13:54:13

I’d vote for Trump if he makes Elizabeth Warren his running mate.
But he’s peaking too soon.

Comment by Mafia Blocks
2015-07-22 16:35:31

Donk,

We expect just that from empty pockets.

 
 
Comment by Professor Bear
2015-07-22 19:20:32

Does Trump’s business success qualify him to run the country?

Comment by Professor Bear
2015-07-22 19:22:39

Marketwatch dot com
Brett Arends’s ROI
Opinion: Donald Trump was a stock market disaster
By Brett Arends
Published: July 22, 2015 8:10 a.m. ET

Trump Hotels & Casino Resorts reported losses of $647 million from 1995 through 2004

OK, so Donald Trump may be a loudmouth, but he’s still a really successful businessman — right?

I mean, the guy’s made billions of dollars in the private sector, so he must know what he’s doing — yes?

Hmmm.

Trump may look like a smart business guy on TV’s “The Apprentice.”

But try telling that to anyone who invested their hard-earned dough in his great business venture, Trump Hotels & Casino Resorts Inc.

It was 20 years ago this summer that “The Donald,” for the first and only time, let ordinary schmucks on Main Street become his business partners and put their money where his mouth was.

The property mogul and best-selling author of “The Art of the Deal” raised $140 million from the public in the IPO of Trump Hotels & Casino Resorts, which owned his business interests in Atlantic City and elsewhere. (To put that in context, that’s as much as the average American could earn if they worked for 6,020 years.)

What an opportunity it must have seemed.

After all, casinos are a license to print money. And Trump was a genius at wheeling, dealing and self-promotion. Sure, he’d gotten overextended in the early 1990s. But who hadn’t? And sure, the bankers had taken him to the woodshed. But he was older and wiser now. By the mid-1990s, the economy was starting to boom again, too.

How could it fail? What could possibly go wrong?

Oh, dear.

When the dust finally cleared from the wreckage, in 2005, those who had backed Trump found they’d lost about 90 cents on the dollar. That was when the creditors — again — had to step in and take charge, and force the company through a Chapter 11 bankruptcy.

Trump Hotels & Casino Resorts lost money every single year that Trump ran it as a public company. Net losses of $13 million in 1995 ballooned to $134 million by 1999, and $191 million in 2004. Not even his chosen accounting firm, Arthur Andersen (of Enron fame), could have hidden all the red ink. In total, from 1995 through 2004, the company booked total losses of $647 million.

Trump had complete control — both as the chairman and as the owner of a special class of stock that carried many more votes than those he sold to the public. He even gave the company his initials, DJT, as its stock ticker symbol.

Its debts mounted, the stock collapsed — and in the end, the creditors had had enough. The courts stepped in, the company had to go through a Chapter 11 bankruptcy reorganization, and The Donald ended up with a largely ceremonial role — sort of like the guy in the costume welcoming you to Caesar’s Palace. By April 2004, someone who had invested a notional $100 in the IPO was left with about $10.

And it wasn’t like you could blame wider troubles in the industry, the economy or the stock market. Over the same period, investors in competitor Harrah’s Entertainment more than doubled their money. Investors in luxury hotel, casino and resort companies like Starwood and MGM earned returns of more than 400%. Even the plain old stock market index more than doubled.

 
 
Comment by Selfish Hoarder
2015-07-22 20:26:38

Trump wants Edward Snowden executed.

I don’t care whatever else he says because it is irrelevant in the face of this.

Comment by Professor Bear
2015-07-22 20:28:02

Good call. You have to watch out for those telltale signs of what a candidate is truly about.

Plus he is a stooge and a complete failure in business as far as his shareholders are concerned.

 
 
 
Comment by Raymond K Hessel
2015-07-22 05:02:26

http://wolfstreet.com/2015/07/21/its-happening-debt-is-tearing-up-the-fracking-revolution/

The shares of Chesapeake Energy, second largest natural-gas driller in the US, crashed nearly 10% today, to $9.29, the lowest price since August 2003, down nearly 70% since oil began to plunge a year ago. The company’s $1.1 billion of 5.75% notes fell to an all-time low of 84.88 cents on the dollar. And its 4.875% notes dropped to 81.25 cents on the dollar, from 86 last week, according to S&P Capital IQ LCD.

All this in the wake of its announcement that it would suspend its dividend for the first time in 14 years. It’s trying to conserve cash, and that dividend costs $240 million a year. It’s dumping assets as fast as it can, including some Oklahoma fields that will save it another $75 million a year in preferred dividends. It’s cutting operating costs and capital expenditures.

It’s trying to stay alive.

It has been cash-flow negative in 22 of the past 24 years, according to Bloomberg.

The only thing surprising is that it took so long, that Wall Street kept funding its cash-flow negative operations and dividends for all these years.

Comment by Albuquerquedan
2015-07-22 06:35:31

Shale oil/shale gas have been the engine of this “recovery” as they go so does the recovery.

Comment by Raymond K Hessel
2015-07-22 07:03:46

Unemployed, broke people in our Obama-Fed-Goldman Sachs “recovery” aren’t doing much driving, so demand for oil is dropping. How much longer can the shale plays with their junk bond financing hang on in this environment? And what’s happening to the banks that sold hedges on oil production when it was up around $75-100?

http://www.bloomberg.com/energy

Comment by rj chicago
2015-07-22 08:01:21
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Comment by Raymond K Hessel
2015-07-22 16:43:40

No, thanks for posting RJ.

 
 
Comment by Califoh20
2015-07-22 12:53:58

Corporate profits have tripled under O, got trickle down?

the gov cant force them to pay you more.

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Comment by Raymond K Hessel
2015-07-22 16:45:42

The vegetables who fell for hope ‘n change should’ve asked themselves why George Soros and Goldman Sachs were bankrolling Obama’s campaign.

 
Comment by Califoh20
2015-07-22 16:49:08

A: to see corp profits triple with a record high DOW and unemployment cut in half?

if you are an investor or a success, you like the last 6 yrs.

 
Comment by Professor Bear
2015-07-22 20:06:21

Uh…doesn’t Goldman Sachs bankroll the campaign of any candidate with a snowball’s chance in hell of getting elected, “just in case”?

 
Comment by Selfish Hoarder
2015-07-22 20:41:03

“if you are an investor or a success, you like the last 6 yrs.”

Could have said the same thing from 2003 to 2007. Or from 1995 to 2000.

This does not make me an Obama supporter or a Bush supporter or a Clinton supporter.

It is worse than stupid to attribute the market’s success to just ONE frigging human. It is retarded.

 
Comment by Professor Bear
2015-07-22 20:42:42

Retarded thinking and American politics go hand-in-hand.

 
 
 
Comment by Blue Skye
2015-07-22 07:28:13

There never was a “recovery”. What is made to look like a recovery by piling up a mountain of debt is merely a postponement.

Meanwhile, we notice oil has dropped $10. That is a recovery of sorts, not higher prices.

Comment by Albuquerquedan
2015-07-22 09:30:19

And both U.S. production and drilling have immediately started to fall.

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Comment by Blue Skye
2015-07-22 10:33:45

Which they should. It was an uneconomic activity driven by speculative credit. It all goes back to the China construction boom, built on a giant pyramid of debt.

Luckily, we will get to study how it unwinds.

 
Comment by Mafia Blocks
2015-07-22 11:59:14

With collapsing demand, massive excess supply and falling oil prices, why wouldn’t it?

 
Comment by AmazingRuss
2015-07-22 12:32:54

They see that $20 dollar oil coming, and know there’s no recovery for them for a decade. Time to shut ‘er down.

 
Comment by RioAmericanInBrasil
2015-07-22 13:26:40

Luckily, we will get to study how it unwinds.

For about 20 years maybe.

 
Comment by Mafia Blocks
2015-07-22 16:31:04

In retrospect for certain Lola. This unprecedented distortion will come apart rapidly so hang on tight to your pink purse.

 
Comment by Professor Bear
2015-07-22 20:11:03

“And both U.S. production and drilling have immediately started to fall.”

Perhaps it is the massive glut of oil in storage on land and at sea, the collapse of Chinese industrial commodities demand, the prospect of Iran ramping back up to normal output levels, the strong and strengthening dollar, and no significant production cutback from OPEC nations which explains why your prediction for $80/bbl prices by December looks extremely doubtful?

 
Comment by Professor Bear
2015-07-22 20:14:57

Iran is hiding 51 million oil barrels at sea, Israeli startup says
Islamic republic is storing millions of barrels of Brent crude on supertankers in the Persian Gulf, maritime tracking firm claims.
By Nadan Feldman | Jul. 17, 2015 | 3:14 AM
By Gili Cohen and Amos Harel

As it reached its historic nuclear agreement with world powers earlier this week, Iran has been hiding millions of barrels of oil it never reported to the United States or in the world oil market, according to an Israeli company that has developed sophisticated maritime tracking technology.

Windward claims that Iran is currently storing 50 million barrels of crude on tankers in the Gulf, a much larger amount than estimates from Western sources. Bank of America has estimated Iran is holding 30 million barrels, while the U.S. news broadcaster CNBC put the number at 40 million.

The Iranians are taking huge, 280-meter-long ships and filling them with oil, to sit at sea and wait. Because the sanctions allow for production of only three million barrels a day, they began storing the remainder,” Ami Daniel, Windward founder and cochairman, told TheMarker. “Oil tankers have been sitting in the Gulf for anywhere between three and six months, just waiting for orders. Before we launched the website, no one really knew how much oil they had stored up.”

 
Comment by Professor Bear
2015-07-22 20:22:56

Markets | Wed Jul 22, 2015 5:39pm EDT
Oil falls, U.S. crude settles below $50 as inventories rise
NEW YORK | By Robert Gibbons
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014.
REUTERS/Lucy Nicholson

Oil prices fell and U.S. crude settled below $50 a barrel on Wednesday after government data showed crude inventories in the United States rose last week and as a stronger dollar and weaker global equities applied pressure.

U.S. crude oil stocks rose 2.5 million barrels, the Energy Information Administration (EIA) said in its weekly report, contrasting with expectations of a 2.3 million-barrel drawdown.

“The crude oil inventory rise was driven by a strong rebound in crude oil imports, which neared 8 million barrels per day,” said John Kilduff, partner at Again Capital LLC in New York.

Crude oil imports from Saudi Arabia rose to 1.44 million barrels per day (bpd), up from 1.32 million the previous week, according to EIA data.

Equity markets pulled lower by a weak revenue forecast at Apple Inc and the stronger dollar also pressured oil.

A stronger greenback makes dollar-denominated oil more expensive for consumers using other currencies.

U.S. September crude CLc1 fell $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. The $49.04 low hit in post-settlement trading was a September contract low.

U.S. crude dropped below $50 on Monday for the first time since April and its 14-day Relative Strength Index is below 28. …

Crude stocks rose 813,000 barrels at the Cushing, Oklahoma, delivery hub, helping widen the spread between U.S. and Brent crude to near $7 a barrel.

Brent September crude LCOc1 fell 91 cents to settle at $56.13.

“The fact that Cushing contributed almost one third of the increase added to today’s downside response,” Jim Ritterbusch, president at Ritterbusch & Associates, said in a note.

 
Comment by Professor Bear
2015-07-22 20:37:22

Markets Commodities Oil Markets
U.S. Oil Prices Fall Below $50 a Barrel
Government reports increase in weekly oil stockpiles
By Nicole Friedman
Updated July 22, 2015 3:37 p.m. ET

U.S. oil prices settled below $50 a barrel Wednesday for the first time in more than three months after weekly data showed an unexpected increase in U.S. crude-oil supplies.

Light, sweet crude for September delivery settled down $1.67, or 3.3%, at $49.19 a barrel on the New York Mercantile Exchange, the lowest settlement since April 2. Brent, the global benchmark, fell 91 cents, or 1.6%, to $56.13 a barrel on ICE Futures Europe.

U.S. oil prices have slid 17% this month on renewed concerns that the global glut of oil is continuing to outweigh demand. Despite expectations earlier in the year that drilling cutbacks by companies would quickly lead to a decline in U.S. oil production, the country’s output has held relatively steady, and oil production has risen in Saudi Arabia, Iraq and elsewhere.

Some market watchers say $50 a barrel is a key psychological level that could encourage traders who had bet on higher prices to close out those positions, pushing the market even lower.

U.S. commercial crude-oil stockpiles increased by 2.5 million barrels to 463.9 million barrels, the U.S. Energy Information Administration said Wednesday. Analysts surveyed by The Wall Street Journal called for stocks to fall by 1.6 million barrels on the week.

Crude-oil supplies typically fall at this time of year as refineries run at high rates to process crude oil into gasoline and other fuels. Refining capacity utilization rose in the week to 95.5% of capacity, the highest level since 2005. Even so, crude supplies rose as imports increased and production held near multi-decade highs.

“The most surprising thing is the build in crude-oil inventory,” said Andy Lipow, president of Lipow Oil Associates in Houston. “This has got to be concerning for the market, as in six weeks we’re going to start with refinery maintenance, reducing demand for crude oil.”

 
Comment by Professor Bear
2015-07-22 20:46:45

ft dot com > World > MiddleEast&NorthAfrica >
Iran
July 20, 2015 4:11 pm
Increased Iran oil output puts other exporters under pressure

Simeon Kerr in Dubai
Facilities at phases 2-3 of the South Pars gas field, owned jointly by Iran and Qatar, are illuminated at night in Assaluyeh on Iran’s Persian Gulf coast May 27, 2006. Picture taken on May 27, 2006.
REUTERS/Morteza Nikoubazl

The lifting of sanctions against Iran is likely to prompt an increase in the Islamic Republic’s oil output and heap pressure on the finances of other hydrocarbons exporters.

Estimates of Iranian output rising by as much as 1m barrels a day within one to two years will “inevitably depress prices”, Moody’s rating agency said in a report, undermining the creditworthiness of exporters with weak financial buffers, such as Russia, Venezuela, Nigeria, Bahrain and Oman.

The deal, which will also allow Iran to regain access to as much as $150bn in frozen assets and the global financial system, could increase output to 4m b/d by 2017, Moody’s said, citing the Institute of International Finance.

Iran could also quickly release 30m barrels from floating storage into global markets, depressing prices if there is no correspondent increase in demand.

The expected increase in Iranian production could “temper” the rating agency’s $5 a barrel price increase previously forecast for 2016. Oil-dependent producers are already reeling under the pressure of lower energy prices.

Moody’s said it will take Iran time to make up for past under-investment, citing Iranian officials who estimate the industry needs $230bn in investment to reverse five years of weak oil production, falling from 2.5m b/d in 2011 to 1.1m b/d in 2014.

Iraq and Saudi Arabia are increasing output as they seek to offset lower oil prices.

Riyadh, moreover, has “ample fiscal buffers” with foreign exchange reserves equivalent to about 100 per cent of gross domestic product, Moody’s said.

Saudi Arabia has begun a programme of domestic borrowing, issuing local bonds worth $4bn with expectations of more to come as the kingdom drains fiscal reserves of $65bn to maintain public spending.

However, Moody’s said that other Gulf producers, such as Bahrain and Oman, have fiscal and external positions that “would recover more slowly or deteriorate more sharply than otherwise with weaker oil prices”.

 
Comment by Professor Bear
2015-07-22 21:02:03

Markets | Mon Jul 20, 2015 3:42pm EDT
Oil prices dips below $50 on ample supply, strong dollar
NEW YORK | By Robert Gibbons

Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices.

 
Comment by Professor Bear
2015-07-22 21:04:40

Bank says crude downturn could get worse than 1986 if OPEC keeps pumping more oil

The current downturn in the global oil industry may prove to be more severe than in 1986, when business endured the deepest slump in 45 years, as OPEC keeps markets oversupplied, according to Morgan Stanley.

Increased production from the Organization of Petroleum Exporting Countries is more than compensating for slowing growth in U.S. shale oil, the bank said in a report dated Tuesday. OPEC has boosted output by 1.5 million barrels a day since February, an amount roughly equal to a year’s increase in world demand, it said. Still, Morgan Stanley expects the industry to recover before the crisis reaches the extent of the 1980s.

“The entire current oversupply can be attributed to OPEC supply growth over the past four months,” analysts including Martijn Rats and Haythem Rashed said in the report. “On current trajectory, this downturn could be worse than 1986.”

Oil producers have cut $130 billion US in investment and 70,000 workers in response to lower prices, Morgan Stanley estimates. Crude has tumbled as OPEC maintains elevated output to pressure rival producers including shale drillers in North America. Brent crude futures traded near $56 a barrel in London on Wednesday, down 47 per cent from a year ago.

 
 
 
Comment by Professor Bear
2015-07-22 21:06:00

How come other than quotes from Chinese communist propaganda outlets, you never post a single article or other reference to back the BS you post on the Housing Bubble Blog?

Comment by Professor Bear
2015-07-22 23:30:26

Marketwatch dot com
Market Extra
Gold isn’t even close to being the biggest loser among commodities
By William Watts
Published: July 22, 2015 2:30 a.m. ET
Coffee has retreated sharply after a big 2014 rally.

Gold’s collapse to five-year lows is dominating headlines, but it has been a rough year so far for commodities in general.

Expectations the Federal Reserve will move later this year to raise rates, potentially leading to more strength for the U.S. dollar, gets much of the blame. Most commodities are priced in dollars, making them more expensive to users of other currencies as the greenback strengthens.

The ICE dollar index a measure of the U.S. unit against a basket of six major rivals is up by around 7.8% year-to-date.

“The wider commodity market is seeing plenty of downward pressure on the back of an ever-strengthening dollar,” said Craig Erlam, senior market analyst at Oanda, in a note.

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Comment by Blue Skye
2015-07-23 19:24:23

“How come”

It’s called living in the mania. He is getting sent to the dry cleaners with a couple hundred million of his buddies.

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Comment by Raymond K Hessel
2015-07-22 05:10:55

Are the sheeple finally wising up? Hillary, the worst of all the candidates, is losing altitude.

http://www.businessinsider.com/polls-hillary-trails-jeb-walker-rubio-colorado-virginia-iowa-2015-7

Comment by rms
2015-07-22 17:17:44

“Hillary, the worst of all the candidates, is losing altitude.”

Here’s to hoping that moon-face stalls and noses in hard.

Comment by Professor Bear
2015-07-22 20:24:12

What should give cause to hope for this outcome given that she is the oligarchy’s annointed one?

 
 
 
Comment by Raymond K Hessel
 
Comment by Goon
2015-07-22 05:18:27

Warmist Warming Wednesday

Google News had a piece linked on this topic, from some rando website, so I searched on the topic and found this piece from the Massachusetts Institute of Technology

The important thing to remember is that MIT also employs Noam Chomsky as a professor (of linguistics), so you should probably just disregard any of this research out of MIT, and get your warmism news from whatsupwiththat

https://newsoffice.mit.edu/2015/ocean-acidification-phytoplankton-0720

And because 2brony hasn’t clocked in for his shift yet, only bigger and bigger government, more and more regulations, and higher and higher taxes can solve this

Comment by Albuquerquedan
2015-07-22 05:58:55

Do you think he would have any problem with one world socialism?

This is the goal that justifies covering up of the facts. BTW, more on the manipulation of data, remember it was during this administration that NASA saw as one of its goals reaching out to Muslims:

http://wattsupwiththat.com/2015/07/21/tamino-grant-foster-is-back-at-his-old-tricksthat-everyone-but-his-followers-can-see-through/

Comment by Albuquerquedan
 
 
Comment by In Colorado
2015-07-22 08:26:54

And because 2brony hasn’t clocked in for his shift yet, only bigger and bigger government, more and more regulations, and higher and higher taxes can solve this

In Biz school we were told that regulations are not needed, since corporations will be “good citizens” because their customers expect that of them.

Comment by AmazingRuss
2015-07-22 12:34:26

The scorn of a consumer is just too shameful for a corporate person to bear. Soon they will lobby to outlaw scorn.

Comment by Raymond K Hessel
2015-07-22 16:48:23

Wesley Clark, who is now pulling down on obscene paycheck working for some private equity firm, would no doubt be happy to label those who resisting the corporatocracy’s usurption of our political system as “extremists” who should be frog-marched to the nearest Haliburton-built gulag.

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Comment by AmazingRuss
2015-07-22 18:59:22

Wait… the guy that wants to lock up Muslim whackos wants to lock up the right wing loons that tremble at the thought of aforementioned whackos?

Sounds like a great reality show.

 
Comment by Selfish Hoarder
2015-07-22 20:43:09

Wesley Clark wants to lock up anyone who is sad. You have to hide your feelings and fly the USSA flag and you will be okay.

 
 
 
 
 
Comment by Albuquerquedan
Comment by Dman
2015-07-22 07:26:39

From the WSJ:

“China may have the world’s second-biggest stock market after the U.S., but at one point during a roller-coaster ride for investors this month only 93 of 2,879 listed companies were freely tradable—about the same number as trade in Oman.”

So when things get real, China actually only has enough healthy stocks to compare to a tiny middle eastern emirate. No wonder money is fleeing the country like rats from a sinking ship.

Comment by Albuquerquedan
2015-07-22 07:30:41

At one point none of our shares were trading. That says very little, China continues to grow at around 7%, yes more and more of that is services but they count in the U.S. and everywhere else so they should count in China.

Comment by rj chicago
2015-07-22 08:04:22

Does anyone else think that Dan is throwing this grenade every day just to rile us all up and see if anyone continues to take the bait?
Yikes!!!

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Comment by In Colorado
2015-07-22 08:28:58

I’ve Joshua Tree’d Dan, and only occasionally look at one of his posts when I seen an interesting answer to it.

 
Comment by drumminj
2015-07-22 10:23:00

I’ve Joshua Tree’d Dan

I’ll take this as a milestone in the success of the extension — it’s now been used as a verb!

 
Comment by Bluto
2015-07-22 10:47:20

Definitely a milestone and I think of the term being more or less synonymous with “impale”…
Anyway, thanks very much for the extension, makes reading the comments bearable and MUCH faster.

 
Comment by Mafia Blocks
2015-07-22 12:01:06

You hang on his every word. And mine too.

Who you kidding?

 
Comment by In Colorado
2015-07-22 12:35:39

Anyway, thanks very much for the extension, makes reading the comments bearable and MUCH faster.

Ditto!

 
Comment by Professor Bear
2015-07-22 20:25:34

Definitely a milestone to be able to Joshua Tree Chinese communist propagandists!

 
 
 
 
Comment by Professor Bear
2015-07-22 08:58:34

When only 93 stocks are trading, is the Shanghai Composite index computed from only those 93? How can one even compute stock indexes when so many of the constituent stocks have no current prices?

Comment by Albuquerquedan
2015-07-22 09:04:26

Very few of the stocks are not trading now, that was at the height of the crash.

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Comment by Professor Bear
2015-07-22 20:26:48

But how did they compute posted index values at the height of the market shutdown? Was it somewhat akin to computing Chinese GDP growth rates?

 
Comment by Professor Bear
2015-07-22 22:55:26

Are you trying to suggest all is well again and back to normal in China’s state-run asset markets?

 
Comment by Professor Bear
2015-07-22 22:57:42

BloombergBusiness
A Simple China Trading Rule to Trounce the State-Run Market
by Kyoungwha Kim
July 22, 2015 — 11:45 AM PDT
Updated on July 22, 2015 — 6:55 PM PDT

Buy when the stock market opens. Sell at the close. Repeat.

As far as trading strategies go, that’s about as simple as it gets. Turns out it’s also been a great way to make money in China, thanks to what analysts say is a pattern of afternoon equity purchases by state-backed funds.

When applied to the Shanghai Composite Index, the trading rule generated a 23 percent return since July 8, compared with 8 percent for a buy-and-hold approach. Use it on PetroChina Co., an obvious target of state support given the stock’s heavy weighting in benchmark indexes, and the difference is even starker: 43 percent versus 0.5 percent.

Late-day rallies are the latest quirk to emerge from an equity market where government intervention — from price ceilings on initial public offerings to bans on stake sales by major shareholders — has increased to unprecedented levels after a $4 trillion selloff.

Policy makers are acting to prop up share prices toward the close because “they want to show people that the market has stabilized,” said Jimmy Zuo, a Shenzhen-based trader at Guosen Securities Co.

 
 
Comment by Blue Skye
2015-07-22 09:16:41

There isn’t a stock market there as long as selling your stocks will land you in jail.

As Dan said not long ago, it reflects China’s “soaring” economy.

Stick a fork in the miracle.

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Comment by Professor Bear
2015-07-22 20:41:17

Shouldn’t investors in the Chinese stock market rightfully be concerned about liquidity, given the government’s proven willingness to shut down trade in stocks if market prices fail to match their preferences?

 
 
Comment by AmazingRuss
2015-07-22 12:35:37

The index is decided, then the value of the stock that make it up is computed.

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Comment by Professor Bear
2015-07-22 20:48:05

Sounds just like 7% China GDP growth calculation!

 
 
 
 
 
Comment by Goon
2015-07-22 05:51:49

Here the UK Guardian soils the bed on capitalism, rather lengthy essay about the “sharing economy” and other feels before reals, SJWs fail to realize that food does not grow itself on grocery store shelves and electricity doesn’t magically flow out of the wall like water:

http://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun

Comment by 2banana
2015-07-22 06:09:01

As long as you have lots of OPM - you can have an awesome “sharing economy”

Comment by Goon
2015-07-22 06:24:05

Published in 1888:

“Everyone retires with full benefits at age 45 (why does that sound so familiar?), and may eat in any of the public kitchens. The productive capacity of America is nationally owned, and the goods of society are equally distributed to its citizens.”

https://en.wikipedia.org/wiki/Looking_Backward

Comment by Raymond K Hessel
2015-07-22 06:48:17

I think the average lifespan back then was about 49.

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Comment by MightyMike
2015-07-22 10:15:12

That was because a lot of children died before the age of 5.

 
Comment by Califoh20
2015-07-22 12:13:12

and a lot of old people did not see 60

 
Comment by In Colorado
2015-07-22 12:45:02

That was because a lot of children died before the age of 5.

It was not that (though kids did drop dead like flies back then). From what I have read, few made it past 40 in the 19th century. If you did, you were either privileged (no hard labor or unsanitary conditions) or were blessed with a great set of genes.

 
Comment by MightyMike
2015-07-22 13:46:24

That may be true as well. But if you consider the arithmetic, the death of a even a small portion of 2 year-olds has a big effect on the average life span.

 
Comment by oxide
2015-07-22 14:14:37

Nope. This graph lets you see life expectancy while correcting for infant mortality. For example, in ~1875, if you made it past age 5, your average life expectancy was 58.

Women died shortly before men due to death in childbirth, but women surpass men after age 40, after they got done having kids.

http://pages.uoregon.edu/maphist/english/US/US39-01.html

 
Comment by Selfish Hoarder
2015-07-22 20:45:07

thanks Oxide. Very interesting.

 
 
 
 
Comment by rms
2015-07-22 07:00:05

As a Utopian I have a feeling I’d still be climbing out of bed early for work while others sleep-off a night of partying.

Comment by Califoh20
2015-07-22 12:55:19

someone has to clean up ;)

 
 
Comment by In Colorado
2015-07-22 08:30:15

and electricity doesn’t magically flow out of the wall like water

Heck, water doesn’t magically flow out of the tap either.

Comment by Goon
2015-07-22 09:36:07

When you live in a Great Lakes state/province, yes it does

Comment by In Colorado
2015-07-22 10:29:47

Someone still has to treat and pump it and that usually requires electricity.

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Comment by Blue Skye
2015-07-22 11:53:19

…which magically can be made from flowing water.

 
Comment by In Colorado
2015-07-22 12:47:20

Someone still has to run and maintain the power plants.

Isn’t a favorite meme here the “when the lights go out”; which is supposed the signal TEOTWAWKI?

 
Comment by Raymond K Hessel
2015-07-22 16:54:13

Speaking of which, the sequel to ONE SECOND AFTER, called ONE YEAR AFTER, is coming out in September. It’s an excellent fictious depiction of what an EMP event would do to us.

 
 
 
 
Comment by RioAmericanInBrasil
2015-07-22 13:42:58

SJWs fail to realize that food does not grow itself on grocery store shelves and electricity doesn’t magically flow out of the wall like water:

You miss the point.

Compared to 100 years ago, food does “grow itself” if one looks at the man hours needed to produce the same amount of food. Or almost any product.

Basic point:
Because of technology and automation, wealth is skyrocketing while jobs are being killed and this will accelerate. And this reality does not fit well with our current and now obsolete form of capitalism.

And it never will again.

 
 
Comment by Senior Housing Analyst
2015-07-22 06:12:21

Desperate measure after desperate measure to keep the price fixing schemes intact.

They fail.

Comment by Raymond K Hessel
2015-07-22 07:05:27

I don’t understand why the Fed doesn’t just fix the daily price of each stock. The market is so rigged, manipulated, and broken, we might as well just take things to the next level.

Comment by AmazingRuss
2015-07-22 12:36:53

Works for China.

 
 
 
Comment by Raymond K Hessel
2015-07-22 06:39:02

China dumping US Treasuries…pretty soon they’ll be burning the furniture.

http://www.zerohedge.com/news/2015-07-21/chinas-record-dumping-us-treasuries-leaves-goldman-speechless

Comment by Albuquerquedan
2015-07-22 06:47:41

Fixed it for you:

China dumping US Treasuries…pretty soon we will be burning our furniture.

Comment by Albuquerquedan
2015-07-22 07:06:11

The irony is the furniture we burn will have been made in China, meanwhile the Chinese will move the money made from selling furniture from the U.S. treasuries, where it was temporary parked, to buying the natural resources of the world so they will never again be hosed by high commodity prices. Smart.

Comment by Dman
2015-07-22 07:40:24

Zero Hedge:

“But what is likely the take home message for non-Chinese readers from all of this, is that while there has been latent speculation over the years that China will dump US treasuries voluntarily because it wants to (as punishment or some other reason), suddenly China is forced to liquidate US Treasury paper even though it does not want to, merely to fund a capital outflow unlike anything it has seen in history.”

If GDP was actually growing at 7%, then why would so much money need to be smuggled out of the country? Maybe because the people in power know that number is as phony as China’s stock markets.

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Comment by In Colorado
2015-07-22 08:39:07

If GDP was actually growing at 7%, then why would so much money need to be smuggled out of the country? Maybe because the people in power know that number is as phony as China’s stock markets.

Exactly, capital would be pouring in and not fleeing, often illegally. The ChiComs know that there is a SHTF moment down the road, hence why anyone with money is trying to get into a safe haven.

 
Comment by Albuquerquedan
2015-07-22 08:41:32

You and the article are assuming that the money is being smuggled out as opposed to a decision to create a new silk road and fund the acquisition of mines throughout the world

 
Comment by Albuquerquedan
2015-07-22 08:47:24

From China Daily:

The first half-year economic data released by the National Bureau of Statistics (NBS) last Wednesday showed that the economy is in a reasonable range and on a steady recovery trend. Both of the first two quarters maintained a GDP growth rate of 7 percent year-on-year, which was better than expected.

Second-quarter momentum mainly came from the tertiary industry whose share in the total industrial sector grew to 8.4 percent from 7.95 percent in the first quarter, partly owing to the rebound in the real estate and financial markets.

Based on the contribution to cumulative year-on-year GDP growth, the secondary industry is still quite important in China’s economy, taking 37.91 percent on average - from first quarter in 2013 (41.4 percent) to second quarter this year (33.6 percent).

Meanwhile, the financial industry contributed a lot in the first and second quarter of this year. But things will be different in the second half of 2015, as the stock market has fallen sharply since June 15 with the ensuing IPO suspension by the China Securities Regulatory Commission.

Among provinces that have released regional GDP growth data, 20 registered a better result in the first half-year than the first quarter, notably in western regions such as Sichuan and Xinjiang.

The amazing GDP growth of Xinjiang and Hainan, with a rate higher than the national average of 7 percent, may indicate China’s Silk Road Economic Belt strategy is actually starting to pay off by stimulating the country’s economic growth.

 
Comment by Blue Skye
2015-07-22 09:18:02

China is bleeding off it’s reserves, and nearly $1 Tr a year is fleeing the country.

 
Comment by Albuquerquedan
2015-07-22 09:36:04

Is investing in the silk road countries fleeing when it is government policy?

 
Comment by Ben Jones
2015-07-22 10:31:48

‘Apple’s disappointing quarter may be confirmation that China’s economy is not only slowing, but slowing more dramatically than markets expect.’

‘Here’s Cowen: “While [management] commentary sought to re-assure, iPhone units were light even adjusting for channel inventory. Normally, this would not concern us but evidence of a widespread demand reset from China is mounting (auto [sales], [United Technologies], [Fairchild Semiconductor], [Linear Technology] to name a few from what we watch). (These are, according to Cowen, economic data or US corporate earnings that have disappointed with China cited a key negative impact.)”

http://finance.yahoo.com/news/heres-most-negative-thing-youll-122545641.html

 
Comment by Dman
2015-07-22 11:19:58

China’s government has pushed low wage manufacturing, real estate, industrial overcapacity, and the stock market, all to keep up the illusion that growth wasn’t based on a weakened currency and the biggest debt bubble in human history. Now it keeps the masses happy by training them to repeat phrases like service economy and silk road initiative. Unfortunately for the Chinese government, reality can only be kept at bay for so long.

 
Comment by In Colorado
2015-07-22 12:52:32

Another anecdote regarding China’s emerging middle class.

When our Beijing colleagues came to visit, one of them had an iPhone 6, which was gift from her husband.

The rest of the Beijing contingent thought that was a REALLY BIG DEAL, and they later told me that only “rich people” could afford an iPhone 6. The rest of them had no name, Chinese brand android phones.

When I told them that most American middle class teenage girls have iPhones they were astounded.

 
Comment by rms
2015-07-22 17:23:34

“The rest of them had no name, Chinese brand android phones.”

The shoemaker’s kids are barefoot.

 
 
 
Comment by Raymond K Hessel
2015-07-22 07:06:35

When the dollar loses its world reserve currency status (thank you, Bernanke & Yellen), that won’t be too far off.

 
 
Comment by 2banana
2015-07-22 06:49:18

Last course will be dumping gold.

Everything else is just shuffling paper around

Comment by Professor Bear
2015-07-22 09:02:16

RPT-After China dumps gold, don’t count on India to come to the rescue
Tue Jul 21, 2015 10:59pm GMT
By Manolo Serapio Jr and Rajendra Jadhav

MANILA/MUMBAI, July 21 (Reuters) - Blame poor rains or a lack of weddings, but Indians, for whom gold is the investment of choice, aren’t rushing to buy bullion after this week’s sharp sell-off.

India and China are the world’s top gold buyers and, after massive selling on the Shanghai Gold Exchange on Monday helped drive down gold prices by 4 percent to a 5-year low, traders hoped demand would perk up in India, or elsewhere in Asia.

The last big slide in gold prices - a 13 percent drop in just two consecutive trading days in April 2013 - prompted weeks of long queues of Indians outside gold showrooms.

Not this time. India’s gold appetite - it accounts for more than a fifth of global demand - remains sluggish, with only modest local premiums to the global spot benchmark.

“That’s really a bearish sign, when the main consuming region remains on the sidelines after such a price drop to a multi-year low,” Commerzbank senior oil analyst Carsten Fritsch told the Reuters Global Gold Forum on Tuesday.

 
 
Comment by Professor Bear
2015-07-22 09:00:19

They are dumping Treasurys, gold, property…pretty much anything salable for cash to cover stock market margin calls.

 
 
Comment by Goon
2015-07-22 06:39:28

Social Justice Warrior™ article, includes link to a .pdf file from the OSHA website titled “Guide to Restroom Access for Transgender Workers”

http://www.bizjournals.com/denver/blog/broadway_17th/2015/07/strategies-what-employers-need-to-know-about-oshas.html

Because if you don’t want Caitlyn whipping out his hairy old man junk in front of your preteen daughter, you are a racist

Forward

Comment by 2banana
2015-07-22 06:50:20

Hope and change

Radically transforming America

Comment by Califoh20
2015-07-22 12:58:34

Caitlyn stated taking estrogen under BUSH! lol!!!

Comment by Raymond K Hessel
2015-07-22 16:49:31

Estrogen and bush seem connected, somehow….

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Comment by Raymond K Hessel
2015-07-22 06:51:53

Not a Catholic and not a fan of the new Pope, but if succeeds in rallying “his” base against predatory crony capitalism, that makes him A-OK in my book.

http://www.marketwatch.com/story/pope-francis-leading-the-new-american-socialist-revolution-2015-07-20?link=MW_popular

Comment by 2banana
2015-07-22 07:51:37

And Jesus said ” Go out and institute huge bureaucracies that will take money from some, at the point of a sword, and give that money to others, as the government bureaucrat sees fit. Do this to buy votes and retain power. For this is the will of God’

Amen.

Comment by Dman
2015-07-22 11:37:28

Actually, I doubt that Jesus would have had any problem with the Romans taxing the wealthy to feed the poor.

Comment by AmazingRuss
2015-07-22 12:39:21

You’re thinking of Bible Jesus. 2fruit is on about Supply Side Jesus.

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Comment by In Colorado
2015-07-22 13:00:48

In the Book of Acts early Christians were described as living in a communal lifestyle, where assets and resources were shared; and when you became a Christian you were supposed to hand over all your worldly goods. One couple hid some of their assets:

5 Now a man named Ananias, together with his wife Sapphira, also sold a piece of property. 2 With his wife’s full knowledge he kept back part of the money for himself, but brought the rest and put it at the apostles’ feet.

3 Then Peter said, “Ananias, how is it that Satan has so filled your heart that you have lied to the Holy Spirit and have kept for yourself some of the money you received for the land? 4 Didn’t it belong to you before it was sold? And after it was sold, wasn’t the money at your disposal? What made you think of doing such a thing? You have not lied just to human beings but to God.”

5 When Ananias heard this, he fell down and died. And great fear seized all who heard what had happened. 6 Then some young men came forward, wrapped up his body, and carried him out and buried him.

7 About three hours later his wife came in, not knowing what had happened. 8 Peter asked her, “Tell me, is this the price you and Ananias got for the land?”

“Yes,” she said, “that is the price.”

9 Peter said to her, “How could you conspire to test the Spirit of the Lord? Listen! The feet of the men who buried your husband are at the door, and they will carry you out also.”

10 At that moment she fell down at his feet and died. Then the young men came in and, finding her dead, carried her out and buried her beside her husband. 11 Great fear seized the whole church and all who heard about these events.

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Comment by AmazingRuss
2015-07-22 14:06:12

God doesn’t even need the point of a sword to collet his 100% tax.

 
Comment by Raymond K Hessel
2015-07-22 16:50:45

People were expected to give of their own free will, not coerced into involuntary “charity.”

 
Comment by AmazingRuss
2015-07-22 19:00:54

If that actually happened, we wouldn’t have any poor. Instead we have “christians” driving to huge air conditioned megachurches in their SUVs, complaining about how somebody makes them take care of the poor.

 
 
 
 
Comment by 2banana
2015-07-22 08:37:38

And here is what Jesus really said about “social justice” through big government:

Generosity Encouraged

6 Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. 7 Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver. 8 And God is able to bless you abundantly, so that in all things at all times, having all that you need, you will abound in every good work.

2 Corinthians 9

Doesn’t quite fit the meme of Jesus was socialist and we need bigger and bigger government with more and more regulations and higher and higher taxes to do God’s work…

Comment by Dman
2015-07-22 11:42:40

To finish the verse:

“And God is able to bless you abundantly, so that in all things at all times, having all that you need, you will abound in every good work. As it is written:

“They have freely scattered their gifts to the poor;
their righteousness endures forever.”

Now he who supplies seed to the sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness. You will be enriched in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God.”

Gee, when you actually look at the complete quote, it kind of proves the exact opposite of what you say it says. “They have freely scattered their gifts to the poor; their righteousness endures forever.” I guess fiscal conservatives will spend the rest of eternity in hell. Oh well.

Comment by AmazingRuss
2015-07-22 12:40:42

For the poor, we scatter M16’s, and have them scatter lead at the poor in another country.

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Comment by 2banana
2015-07-22 12:52:24

Yep - sounds like Jesus was for big government socialism.

Your public education at work.

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Comment by Dman
2015-07-22 14:28:24

Also, way to go by only posting part of the verse. If I were you, I’d stay away from Peter. Based on Colorado’s post, people like you who try to pull one over on God don’t end up well.

 
Comment by RioAmericanInBrasil
2015-07-22 14:55:21

sounds like Jesus was for big government socialism.

‘Now, when you die and get to the meeting with St. Peter, he’s probably not going to ask you much about what you did about keeping government small. But he is going to ask you what you did for the poor. You better have a good answer.” Gov. John Kasich (R) 2013

Kasich makes faith argument for Medicaid

http://www.dispatch.com/content/stories/local/2013/06/18/kasich-will-never-give-up-fight-to-expand-medicaid.html

Invoking a heavenly imperative, Gov. John Kasich said yesterday he will never give up the fight to expand Medicaid, even as a legislative leader said it is unlikely to happen this summer.

Kasich told reporters he won’t rest until the legislature passes his plan to expand Medicaid coverage to 275,000 more poor Ohioans.

“I’m not going to give this up. I will not. I don’t care how long it takes. Hopefully, it will be sooner rather than longer.”

 
Comment by Mafia Blocks
2015-07-22 16:47:29

Always looking for something free eh Lola?

Just how empty are your pockets?

 
 
Comment by 2banana
2015-07-22 14:32:18

You are missing the big point.

It is to be voluntary with joy with fellow Christians.

Not at the point of a spear as some government bureaucrat sees fit to buy votes.

See the difference? Try hard - it may come to you.

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Comment by AmazingRuss
2015-07-22 19:02:02

It doesn’t say voluntary or joyful. It says if you hold out on the community, God will strike you dead.

 
 
 
Comment by Califoh20
2015-07-22 13:55:23

Got Zeitgeist movement? Gotta wish all the bible thumpers watch this to rock their world!

https://www.youtube.com/watch?v=p_iXe-iuAVs

 
 
Comment by RioAmericanInBrasil
2015-07-22 13:53:16

predatory crony capitalism

It’s what I’ve been saying for years.

“The fact is: The era of capitalism is rapidly dying, a victim of its own success, sabotaged by greed and a loss of a moral code.

….Pope Francis is not just leading a “Second American Revolution,” he is rallying people across the Earth, middle class as well as poor, inciting billions to rise up in a global economic revolution, one that could suddenly sweep the planet, like the 1789 French storming the Bastille.

Unfortunately, conservative capitalists — Big Oil, Koch billionaires, our GOP Congress and all fossil-fuel climate-science deniers — are blind to the fact their ideology is on the wrong side of history, that by fighting a no-win battle they are committing suicide, self-destructing their own ideology.”

Comment by Dman
2015-07-22 14:32:08

You can be a free market capitalist or a Christian, but you can’t be both.

Comment by Califoh20
2015-07-22 16:50:37

Kinda like, Ayn Rand or Jesus — pick one, they are polar opposites.

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Comment by Albuquerquedan
Comment by palmetto
2015-07-22 07:38:08

That is heartbreaking. Of course the geldings that she testified in front of will stay mute and useless. THEY are the real enemies. As Ray K said (and I’m paraphrasing) they hold down the citizens so the criminals can pull a train on them.

A few years ago, when I was in the process of moving from one rental to another, I wrote on this blog how one of my buddies stopped one of the criminals from south of the border from breaking in to the home of the old lady across the back alley from me, at like 10:00 at night. Guy had a rope. Not sure what he planned on doing with it, but it seems they like those ropes, to tie up and torture.

Comment by Goon
2015-07-22 07:48:33

You racis

SJW betters assure that every dreamer and act of love will grow up to be a doctor or an astronaut

Comment by palmetto
2015-07-22 08:16:42

Who is doing the dreaming?

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Comment by phony scandals
2015-07-22 15:50:36

His illegal parents provided lessons so he could acquire a black belt in mixed martial arts?

Well I’m sure there were no government programs that helped them with buying food, health insurance, Obama phones or housing that allowed the family to have the disposable income for mixed martial arts classes.

“My son’s name was Joshua Wilkerson,” she began. “On November 16, 2010, he was beaten, strangled, tortured until he died. He was tied up, thrown in a field, and set on fire. His killer, Hermilo Moralez, was brought here illegally by his illegal parents when he was ten years old, so he fit the ‘DREAM’ kid description. He was sentenced to life in prison, which means it will be 30 years before he’s up for parole. He’ll be a 49-year-old man, who I don’t expect to be deported. And I just hope he doesn’t come to live in your city.”

“We had to hear this kid on the stand muttering about, ‘In my country…’ ‘In my country…’ never to finish that sentence. We listened to him tell us repeatedly that his ‘killing skills took over,’ that Josh had kicked his dog, and his ‘killing skills took over.’ His parents somehow managed to provide lessons so he acquired a black belt in mixed martial arts. Joshua had never been in a fight in his life.”

Comment by Raymond K Hessel
2015-07-22 16:56:09

Maybe Joshua should have exercised better judgement in picking his “friends.”

 
 
 
Comment by Raymond K Hessel
 
Comment by Ben Jones
2015-07-22 07:13:48

‘Angry residents of a small Texan town have threatened to put pigs’ heads on poles and pour the blood onto land which has been earmarked for a Muslim cemetery.’

‘The latest manifestation of anti-Islamic sentiment in America surrounds a small plot of undeveloped land 35 miles north-east of Dallas. Some residents of the Farmersville, which has a population of 3,000 said that their main concern was the way in which they believed Muslims inter their dead.’

“When somebody dies they bury them at that time. They don’t know whether they were shot, diseased or anything else. All they do is wrap them in a sheet from the grave and bury them,” Troy Gosnell told the local CBS station.’

‘Patricia Munroe voiced fears that local drinking water could be polluted. “We used to grow onions here. We sure enough don’t want to be growing bodies,” said another resident, Mont Hendrick.’

‘Take and dump pig’s blood and put pig’s heads on a post so they won’t buy the land,” one resident said.’

Comment by Ben Jones
2015-07-22 07:17:48

‘Speaking to reporters here Saturday after an appearance at the Family Leader Summit, Walker said the next president will need to be prepared to take aggressive action against Iran, “very possibly” including military strikes, on the day he or she is inaugurated, and said he would not be comfortable with a commander in chief who is unwilling to act aggressively on day one of a new presidency.’

‘Terrorist violence can make the previously unthinkable suddenly seem acceptable. The levels of surveillance introduced after 9/11 could have been considered reasonable only in the climate of collective panic that the attacks induced. But this week’s reaction to the fatal shooting of four Marines and a Navy petty officer in Chattanooga, Tennessee, by a 24-year-old Muslim has to win the prize for the worst proposed civil liberties infringement to come out of a violent disruption.’

‘The first mention of internment came from a somewhat unexpected source: Gen. Wesley Clark, a Democrat known for his progressive-oriented presidential campaign in 2004. Interviewed on MSNBC in the shooting’s aftermath, Clark said the U.S. needed to increasingly get tough on “radicalized” individuals. He spoke favorably of the internment camps set up during World War II, saying that “if someone supported Nazi Germany at the expense of the United States, we didn’t say that was freedom of speech. We put him in a camp.” Lest there be any doubt what Clark was advocating, he insisted that for radicalized Muslims, “it’s our right and obligation to segregate them from the normal community for the duration of the conflict.”

Comment by Goon
2015-07-22 07:24:23

get tough on “radicalized” individuals

See also the Salon piece linked above and its characterization of Trump supporters

As a Ron Paul donor and voter, my name is on a list somewhere inside the Ministry of Love

MOLON LABE

Comment by Raymond K Hessel
2015-07-22 18:59:57

MOLON LABE

Or as I say to my local realtor, “Molon Latte.” That means, come and take it. My coffee order, that is.

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Comment by Goon
2015-07-22 07:18:10

Scott Walker said he would invade Iran on the day of his inauguration

Islam is a garbage religion but adding to the $18 trillion debt is not the solution…

Comment by Ben Jones
2015-07-22 07:38:58

Think about this; the media and candidates jump over themselves to condemn speech against illegal immigration and the hero-ship of a airman. But here a guy calls for an attack on a country, and it’s OK. Here’s something to think about:

‘Before the presidency of George W. Bush, preventive war was not considered a legitimate tool of anti-proliferation by the United States. In 2003, the United States fought the only preventive war in its history, on the pretext of preventing Saddam Hussein from obtaining weapons of mass destruction. The inadvertent result was the disintegration of Iraq, a regional Sunni-Shia proxy war and the emergence of the Islamic State. The preventive war against Iraq was the stupidest blunder in the history of U.S. foreign policy. That some Americans today, only twelve years later, can even consider the possibility of repeating that blunder in the case of Iran is as remarkable as it is appalling.’

‘Following the unprovoked June 7, 1981 Israeli air strike against Iraqi nuclear facilities in Osirak, Iraq, the Reagan administration supported a unanimous UN Security Council resolution which condemned the Israeli raid. Reagan’s ambassador to the United Nations, Jeane Kirkpatrick compared the “shocking” Israeli attack to the Soviet invasion of Afghanistan. British Prime Minister Margaret Thatcher, like Reagan a conservative friendly toward Israel, also condemned the raid. Thatcher told the House of Commons: “Just because a country is trying to manufacture energy from nuclear sources, it must not be believed that she is doing something totally wrong.”

So where is Clinton, where’s the condemnation of this unbelievable statement by Walker? Oh, who can forget how she ghoulishly wiggled in her seat with glee when she heard Gaddafi had been killed.

How did we get here? These are human lives. Where is the voice of reason?

Comment by In Colorado
2015-07-22 09:04:06

Think about this; the media and candidates jump over themselves to condemn speech against illegal immigration and the hero-ship of a airman. But here a guy calls for an attack on a country, and it’s OK.

My overseas friends and relatives tell me that the US is perceived as being the top threat to world peace.

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Comment by RioAmericanInBrasil
2015-07-22 14:00:41

the US is perceived as being the top threat to world peace.

The foreigners I know that criticize the USA note warmongering, aggression, racism and greed as our most serious issues.

I just tell them to STFU or I’ll kick their brown A$$’s. (If they’re brown.)

 
 
Comment by In Colorado
2015-07-22 09:08:13

How did we get here? These are human lives. Where is the voice of reason?

A very good question. My take is that America has become utterly corrupt and has lost its collective soul.

There will be a reckoning for this, I just hope to be taking my dirt nap when that time comes.

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Comment by Ben Jones
2015-07-22 10:26:26

‘America has become utterly corrupt and has lost its collective soul’

I can’t believe that. But there is something wrong when a young man walks into a church and shoots people because of the color of their skin. And when a president brags that he is good at killing people.

We better wise up, because these powerful people are watching us. They pay attention to what we will tolerate or encourage. One of the scariest things I ever heard was this:

‘The aide said that guys like me were “in what we call the reality-based community,” which he defined as people who “believe that solutions emerge from your judicious study of discernible reality.” I nodded and murmured something about enlightenment principles and empiricism. He cut me off. “That’s not the way the world really works anymore.” He continued “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”

https://en.wikiquote.org/wiki/Karl_Rove

That told me there are people in power who will contemplate anything. When we hear someone say we have a duty and obligation to put people in internment camps, we should remember we have already done this before. And how far is it to say we should, no must, perform the final solution?

At the very end of the cold war, I saw a speech by a former KGB guy who had escaped the Soviet Union. He told us about various ways they had worked on our public opinion. The main goal was to demoralize us. The way to resist this he said, was to stay moral.

 
Comment by In Colorado
2015-07-22 10:31:54

He cut me off. “That’s not the way the world really works anymore.” He continued “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”

Like I said, corrupt and soulless.

 
Comment by Raymond K Hessel
2015-07-22 17:01:29

Like I said, corrupt and soulless.

95% of the electorate (well, of the 30% who actually turned out to vote) gave their explicit sanction to crony capitalism, aka corruption, by voting for Obama, McCain, and Romney. If we have corruption in high places, it’s because ‘Muricans don’t have any problem with corruption, just like the Mexican populace.

The 5% who voted for Ron Paul, and for honest governance, are leavening in the body politic, but cannot prevail against an overwhelming mass of brain-damaged, amoral sheep.

Corrupt and soulless, indeed. Go look in the mirror if you want to see who’s to blame.

 
 
Comment by AmazingRuss
2015-07-22 12:43:52

The voice of reason is there… but the shrieking tree monkeys shriek “Communist! Social Justice Warror! Useful Idiot” so loudly that the voice cannot be heard.

If it isn’t on the loon agenda, it doesn’t get heard.

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Comment by Selfish Hoarder
2015-07-22 20:52:27

Great thread Ben! I know where your mind is at. I’m horrified at what J6P has become.

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Comment by Raymond K Hessel
2015-07-22 18:53:58

‘Patricia Munroe voiced fears that local drinking water could be polluted. “We used to grow onions here. We sure enough don’t want to be growing bodies,” said another resident, Mont Hendrick.’

For crying out loud. How ignorant can people BE?

 
 
Comment by MightyMike
2015-07-22 07:23:33

For those fond of criticizing the MSM, here’s something based in reality.

The Spirit of Judy Miller is Alive and Well at the NYT, and It Does Great Damage

One of the very few Iraq War advocates to pay any price at all was former New York Times reporter Judy Miller, the classic scapegoat. But what was her defining sin? She granted anonymity to government officials and then uncritically laundered their dubious claims in the New York Times. As the paper’s own editors put it in their 2004 mea culpa about the role they played in selling the war: “We have found a number of instances of coverage that was not as rigorous as it should have been. In some cases, information that was controversial then, and seems questionable now, was insufficiently qualified or allowed to stand unchallenged.” As a result, its own handbook adopted in the wake of that historic journalistic debacle states that “anonymity is a last resort.”

But 12 years after Miller left, you can pick up that same paper on any given day and the chances are high that you will find reporters doing exactly the same thing. In fact, its public editor, Margaret Sullivan, regularly lambasts the paper for doing so. Granting anonymity to government officials and then uncritically printing what these anonymous officials claim, treating it all as Truth, is not an aberration for the New York Times. With some exceptions among good NYT reporters, it’s an institutional staple for how the paper functions, even a decade after its editors scapegoated Judy Miller for its Iraq War propaganda and excoriated itself for these precise methods.

That the New York Times mindlessly disseminates claims from anonymous officials with great regularity is, at this point, too well-documented to require much discussion. But it is worth observing how damaging it continues to be, because, shockingly, all sorts of self-identified “journalists” — both within the paper and outside of it — continue to equate un-verified assertions from government officials as Proven Truth, even when these officials are too cowardly to attach their names to these claims, as long as papers such as the NYT launder them.

https://firstlook.org/theintercept/2015/07/21/spirit-judy-miller-alive-well-nyt-great-damage/

Comment by Dman
2015-07-22 11:55:14

I think the next time some conservative chicken hawk, like Scott Walker say, wants to start a war, people are going to be reading the New York Times a lot more critically.

 
 
Comment by Goon
2015-07-22 07:37:47

And speaking of MOLON LABE, here the grabbers grease the slippery slope to take the scary looking guns away from anyone who refuses to put feels before reals:

http://www.bloomberg.com/politics/articles/2015-07-22/will-congress-link-domestic-violence-with-gun-control-

And to the unarmed SJWs, remember, when seconds count, the police are only minutes away, LOLZ

Comment by 2banana
2015-07-22 08:40:16

Gun grabbers = democrats

But you can’t bring yourself to say it.

It goes against the “all parties are the same” meme

Comment by In Colorado
2015-07-22 09:10:41

If you’d care to remove your blinders, it’s a GOP controlled congress that is considering linking DV with gun control.

Comment by 2banana
2015-07-22 09:28:08

Go Google the sponsor of the billl.

There are democrats still in congress and the Senate lusting for power and gun control.

Then go Google obama and gun control and EOs

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Comment by In Colorado
2015-07-22 09:13:00

And to the unarmed SJWs, remember, when seconds count, the police are only minutes away, LOLZ

Isn’t your “high walkscore” nabe safe? I’m guessing you pack heat while taking a walk to your favorite ethnic eatery.

Comment by Goon
2015-07-22 09:47:50

I am not out walking around between 10pm and 4am

And when I am out at 4am, I can run in the middle of the street (asphalt is less jarring to the knees than concrete sidewalks) because there is no traffic, and the creatures of the night that I encounter look too drunk or f*cked up on heroin to be a threat, as none of them could run fast enough to catch me

Comment by In Colorado
2015-07-22 14:00:34

So … if it’s safe to leave the gun at home, why all the hoopla over “when seconds count …”

I mean, if you’re just chilling at home and some thugs kick your door down, will you really have time to get your gun? If “seconds count” unless you are alert, with your gun, loaded, in hand, you’re probably boned anyway.

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Comment by AmazingRuss
2015-07-22 12:46:01

Anybody that feels the need to pack heat to Walmart is a quivering coward.

Comment by In Colorado
2015-07-22 14:06:50

WalMart? Try the public library. Ours considered banning guns, but that would have meant installing metal detectors and having armed security running said detectors. They decided that they would tolerate the conceal carry crowd (permit or no permit) rather than turn the library into a TSA check point look alike.

The local police have estimated that on any busy day that there are 5-10 concealed carries in the library. What they also explained to the staff was that if the police were ever summoned to deal with a shooting or the threat of a shooting at the library, that anyone with a visible weapon would be considered a target and would be shot.

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Comment by RioAmericanInBrasil
2015-07-22 14:18:15

Try the public library. Ours considered banning guns,

“No Smoking”
“Silencers Please”

 
 
Comment by RioAmericanInBrasil
2015-07-22 14:14:35

Anybody that feels the need to pack heat to Walmart is a quivering coward.

Hey! That reminds me. I’m visiting Kansas. (The nice eastern 10% of it with lots of trees and rolling hills) I can go to TacoBell today with a pistol I leave at my mom’s house in my pocket with no permit. YEs!

I always wanted to go to TacoBell packing heat. I mean who wouldn’t right?

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Comment by redmondjp
2015-07-22 16:30:57

If you don’t arrive there packing heat, you certainly will as you leave . . .

 
Comment by AmazingRuss
2015-07-22 19:03:31

You never know when a muslim terrorist will run out of the restroom and threaten your Gorditos. Can’t be too safe.

 
 
 
 
Comment by MightyMike
2015-07-22 10:23:03

Current law bars people convicted of domestic abuse from possessing firearms. At an event to unveil the Dingell-Dold bill on Wednesday, state-level bills were spotlighted that accomplish the same objectives. As of this month, bills addressing domestic abuse and gun violence have been passed or introduced in 23 legislatures, including Oregon, Alabama, and Louisiana.

Advocates for toughening U.S. gun laws say the lesson from the 2013 failure of legislation to expand background checks to Internet sales and gun shows is that comprehensive gun legislation is impossible in the current Congress.

What is possible, they believe, is advancing legislation to focus on specific categories of individuals, including domestic abusers, those on the terrorism watch list and individuals with a mental health condition that poses a threat to the safety of others.

It’s strange that this is a controversial. Does the NRA want violent criminals and people with severe mental illnesses running around with guns?

Comment by drumminj
2015-07-22 10:42:53

Have you not been reading the news about ‘terrorism watch list’ for the past 14 years?

There’s no due process. It’s impossible to know if you’re on it or not, and if you are, there isn’t a clear process (if process at all) for getting removed.

Really, what you’re suggesting here, is to revoke a constitutional right for an individual without due process.

Comment by MightyMike
2015-07-22 10:57:29

I’m not proposing anything. I suppose I haven’t been following the news about the watch list. How about the other kinds of people - convicted violent criminals and those found to be to be severely mentally ill in court? Should anything to be done to prevent such people from having guns? Or should we take the view that the constitution says nothing about that, that everyone has the right to guns?

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Comment by drumminj
2015-07-22 12:02:08

How about the other kinds of people - convicted violent criminals and those found to be to be severely mentally ill in court? Should anything to be done to prevent such people from having guns? Or should we take the view that the constitution says nothing about that, that everyone has the right to guns?

My personal view? nothing should be done to prevent them. If someone has committed a crime and society is concerned they’re dangerous, they should be in jail/separated from society. But once you’ve done your time, all rights should be restored.

As far as the mentally ill, if one is found legally mentally incompetent (via the court system), then I reckon it’s reasonable to restrict gun ownership among other activities. However, there needs to be a method to challenge the ruling/be re-declared competent should circumstances change.

The constitution/bill of rights exist to specifically limit encroachment on certain rights. It’s not a list of suggestions that would be nice to give to specific people dependent upon whether those in ‘power’ are feeling generous…

 
Comment by MightyMike
2015-07-22 16:40:26

If you consider some of the mass murderers - the guy who shot up the movie theater in Colorado, the guy at the school in Connecticut, the guy in the church in SC, the Chattanooga killings - they’re generally fairly young guys. Maybe the solution is to make 30 the minimum age for gun ownership.

 
Comment by Raymond K Hessel
2015-07-22 17:03:56

Almost all of them were on SSRIs. Maybe that should be a no-go for possession of a firearm.

 
 
 
 
Comment by WPA
2015-07-22 10:28:56

Yeah, the Kneejerk Rifle Assoc always plays the same fear card: the smallest gun restriction is always the first step to complete gun confiscation.

Funny how just 5 years ago the Kneejerk Rifle Assoc was sounding the alarm, “Obama’s gonna take our guns away!” Gun sales skyrocketed. Obama has done nothing to take away guns. The only thing that happened is the gun manufacturers, ammo makers and the gun shows made a lot of money off of people’s unfounded fears.

Comment by Hi-Z
2015-07-22 11:20:04

“Obama has done nothing to take away guns.”

Perhaps not, but he and his ilk have (and continually try) to do that in any manner possible.

Comment by phony scandals
2015-07-22 16:55:13

“Obama has done nothing to take away guns.”

That worked.

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Comment by Dman
2015-07-22 11:52:17

I wonder if the guy who shot up the army recruitment center in Tennessee was an NRA member? I’m sure terrorists need the NRA to protect their Second Amendment rights too. And the NRA is happy to oblige.

Comment by 2banana
2015-07-22 12:55:53

Yep - the NRA is at fault. And that southern culture.

I can’t think of a single other reason a muslim would kill infidels. It truly is a mystery.

Maybe there was a confederate flag flying nearby.

Liberalism truly is a mental disease.

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Comment by In Colorado
2015-07-22 13:54:44

Yep - the NRA is at fault.

If he purchased his weapons at a gun show, skirting any background checks in the process, then yes, the NRA bears some of the blame.

 
Comment by RioAmericanInBrasil
2015-07-22 14:28:35

…a confederate flag flying nearby…..And that southern culture..truly is a mental disease.

Nice culture dude. Be proud.

Ku Klux Klan KKK Confederate Flag Fight Rally VIDEO Racist Slurs KKK rally South Carolina

https://www.youtube.com/watch?v=mJ60geh1Gyw

 
Comment by 2banana
2015-07-22 14:36:40

Import millions of muslims and then take away my freedoms to “protect me” from the hostile culture you just imported.

But they vote democrat so all is good.

Liberalism is a mental disease.

 
Comment by RioAmericanInBrasil
2015-07-22 14:48:25

Liberalism truly is a mental disease.

You’re just trying to fire up the Repub crazies. (It’s not too hard to do.)

Conservatism as a Mental Illness
Republican pols have recently exhibited 10 telltale signs of mental illness

https://www.psychologytoday.com/blog/evolutionary-entertainment/201206/conservatism-mental-illness

In Creationism as a Mental Illness, Robert Rowland Smith argues that creationists exhibit several signs of mental illness including denial, psychosis, and inability to grasp irony.

The specter of mental illness does indeed loom large over creationists, but they are not alone. Signs of psychopathology can also be seen among their political bedfellows, conservative politicians, especially when you consider a wide range of illness indicators.

In his award-winning 2005 book, Dr. James Whitney Hicks discusses 50 signs of mental illness (link is external) including denial, delusion, hallucination, disordered thinking, anger, anti-social behavior, sexual preoccupation, grandiosity, general oddness, and paranoia. Now I’m no clinician, but in my (admittedly biased brown) eyes it seems that prominent Republicans have evidenced each of these ten telltale signs of mental illness over the past year:

…”Republican Syndrome” should be added to the DSM-V (link is external) so that crazy conservative pols can receive the mental health treatment they need. I bet “Obamacare” would even cover it.

 
Comment by Lola
2015-07-22 16:40:22

Lol@Lola.

 
 
 
Comment by Raymond K Hessel
2015-07-22 17:08:05

Yeah, the Kneejerk Rifle Assoc always plays the same fear card: the smallest gun restriction is always the first step to complete gun confiscation.

Do really expect any would-be totalitarian is going to openly announce his intentions? The fact that Soros, Bloomberg, and their ilk are sinking so many millions into campaigns to disarm the populace tells me to put more trust in the NRA than Obama. The end-state in the corporate-statists playbook is registration (”for the children” or “for public safety,” the same reasons offered by Hitler & the Bolsheviks) followed by confiscation, which has already happened in the UK and Australia.

Comment by MightyMike
2015-07-22 17:33:06

The Hitler sound like BS and it is.

the passage of gun registration laws in Germany during the first part of the twentieth century is a complicated matter. Following Germany’s defeat in World War I, the Weimar Republic passed very strict gun control laws essentially banning all gun ownership, in an attempt both to stabilize the country and to comply with the Versailles Treaty of 1919. The Treaty of Versailles itself imposed severe gun restrictions on German citizens. One of the key provisions of the Versailles Treaty, Article
169, stated that:

Within two months from the coming into force of the present Treaty, German arms, munitions and war material, including anti-aircraft material, existing in Germany in excess of the quantities allowed, must be surrendered to the Governments of the Principal Allied and Associated Powers to be destroyed or rendered useless.

But even before the Treaty was signed, the German parliament of the Weimar Republic enacted legislation prohibiting gun possession. In January 1919, the Reichstag enacted legislation requiring the surrender of all guns to the government.28 This law, as well as the August 7, 1920, Law on the Disarmament of the People passed in light of the Versailles Treaty, remained in effect until 1928, when the German parliament enacted the Law on Firearms and Ammunition
(April 12, 1928) - a law which relaxed gun restrictions and put into effect a strict firearm licensing scheme.

http://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=4029&context=flr

The guy also makes an interesting point that Nazi paraphernalia can often be found American gun shows.

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Comment by Raymond K Hessel
 
Comment by phony scandals
2015-07-22 20:32:20

A thorny problem indeed.

 
 
 
 
 
Comment by Califoh20
2015-07-22 11:55:58

Even with 5% down this one is break even with cost of renting it. Factor in 2% appreciation and tax savings to offset maintenance cost)

And I dont think it would ever sell for over $300k. Probably a $250k home.

http://www.zillow.com/homedetails/2370-Sierra-Highlands-Dr-Reno-NV-89523/7298227_zpid/

Where are these places where rent is half the cost of owning?

Comment by Dman
2015-07-22 12:37:39

“Factor in 2% appreciation…”

I think a more accurate factor would be anywhere from 20 to 50% depreciation, after the current bubble pops.

“tax savings to offset maintenance cost…”

At 5% down, interest paid on the loan will dwarf any savings that come from deductions.

Comment by Califoh20
2015-07-22 12:59:57

PITI is less than $1300, rents for $1600.

Using today’s #’s

Comment by AmazingRuss
2015-07-22 19:06:57

…and believing zillow’s numbers.

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Comment by Califoh20
2015-07-22 19:33:24

cross check on CL, if you need to. $1600 is about right for a SFR in the good school area of Reno.

“Trust, but verify ” said the GOP’s favorite RINO.

 
Comment by Mafia Blocks
2015-07-22 20:00:12

And once your losses to depreciation are included, the rent becomes a fraction of the cost of buying the shack.

HonestMath my friend. Try it.

 
 
 
 
 
Comment by Califoh20
2015-07-22 12:20:37

Hey Scott Walker, what if Iran fights back? Trump is right about “stupid” people.

http://www.debka.com/article/24759/Iran-buys-100-Russian-refueling-aircraft-for-its-air-force-to-reach-any-point-in-the-Mid-East-

 
Comment by taxpers
2015-07-22 12:38:14

Silver copper ,free at last
Any opinions on the best stock in the group. Plenty of hate,has to be one w extra cash.

 
Comment by rj chicago
 
Comment by AbsoluteBeginner
 
Comment by phony scandals
2015-07-22 16:30:15

“Global Warming” Expedition Foiled by Record Ice

Arctic ice the worst it’s been in 20 years, according to Coast Guard

by Kit Daniels | Infowars.com | July 22, 2015

A scientific expedition to study “global warming” was delayed by record ice in the Arctic.

The icebreaker ship used for the 115-day expedition had to be rerouted Tuesday to break ice for commercial ships in the Hudson Bay because the ice conditions are the worst they’ve been in 20 years, according to the Canadian Coast Guard.

“Obviously it has a large impact on us,” said Martin Fortier, the executive director of the “global warming” research institute ArcticNet, which was spearheading the expedition.

The ice is so thick that ships are having to skirt around it.

“The same ice has also been blamed for bringing two polar bears into the community last week — a highly unusual event,” CBC News reported.

The volume of Arctic sea ice has increased by 33% since 2013, although scientists who are funded to promote the government-driven “global warming” agenda are claiming the record ice is a freak occurrence.

Their claim, however, runs contrary to satellite data showing there’s been no global warming for over 18 years.

“For 222 months, since December 1996, there has been no global warming at all,” weather researcher Lord Christopher Monckton reported. “[June’s] Remote Sensing System temperature – still unaffected by a slowly strengthening el Niño, which will eventually cause temporary warming – passes another six-month milestone, and establishes a new record length for the pause: 18 years 6 months.”

“What is more, the Intergovernmental Panel on Climate Change’s centrally-predicted warming rate since its First Assessment Report in 1990 is now more than two and a half times the measured rate.”

“On any view, the predictions on which the entire climate scare was based were extreme exaggerations,” he added.

Another scientific ship carrying “global warming” researchers was similarly stopped by record ice in the Antarctic back in 2013 and the researchers were ultimately evacuated from the ship after several botched rescue attempts.

Comment by taxpers
2015-07-22 17:30:47

Nsf fed us hiring global warming scientists at $150k a wack

 
 
Comment by Raymond K Hessel
2015-07-22 16:39:39

A preview of life under Comrad Pelosi’s United Socialist States of ‘Murica: producers forced to hand over the fruits of their labor to the collectivists so they can buy off the parasites.

http://www.telegraph.co.uk/news/worldnews/southamerica/venezuela/11754156/Venezuelan-farmers-ordered-to-hand-over-produce-to-state.html

Comment by Califoh20
2015-07-22 16:57:26

Pelosi wants a strong middle class. Me too.

HOUSE REPUBLICANS ARE STACKING THE DECK FOR THE WEALTHY AND THEIR SPECIAL INTEREST FRIENDS AT THE EXPENSE OF MIDDLE CLASS FAMILIES. IN THE FIRST 100 DAYS OF 2015, A DEMOCRATIC HOUSE MAJORITY WILL ACT TO PUT THE MIDDLE CLASS FIRST.

‘MAKE IT IN AMERICA’ – BETTER JOBS AT HOME
Republicans voted to give tax breaks to companies that ship American jobs overseas

Democrats will introduce the “21st Century Make It In America Act” to provide tax incentives for creating good-paying jobs here at home

Republicans blocked legislation to make long-term investments in our nation’s aging highway system and opposed creating clean energy jobs of the future

House Democrats will pass the “Build America Bonds Act” to boost job growth and modernize America’s infrastructure by building roads, bridges, broadband technology and investing in clean energy initiatives – paid for by closing corporate tax loopholes

Republicans refused to raise the minimum wage but gave massive tax giveaways to corporate special interests and the ultra-wealthy

House Democrats will pass the “Fair Minimum Wage Act” and the “CEO/Employee Pay Fairness Act” to deny CEOs the ability to claim tax deductions for pay over $1 million unless they give their employees a raise

http://www.democraticleader.gov/middle-class-jumpstart/

 
 
Comment by Califoh20
2015-07-22 16:46:11

Who are the moochers? The poor or the social workers?

http://www.weeklystandard.com/blogs/welfare-spending-equates-168-day-every-household-poverty_665160.html

Looks like my taxes go to these mooching non-profits.

 
Comment by phony scandals
2015-07-22 17:00:54

White People airs Wednesday, July 22 at 8 p.m. on MTV.

Comment by Raymond K Hessel
2015-07-22 17:14:14

Maybe they’ll interview some of the whitebreads fleeing our crumbling Democrat-run urban dystopias as they head for the hinterlands before those places turn into complete hell-holes.

http://www.zerohedge.com/news/2015-07-22/americans-are-fleeing-these-us-cities-droves

Comment by MightyMike
2015-07-22 17:38:10

You must have missed this part:

So what’s going on here? Michael Stoll, a professor of public policy and urban planning at the University of California Los Angeles, has an idea. Soaring home prices are pushing local residents out and scaring away potential new ones from other parts of the country, he said. (Everyone knows how unaffordable the Manhattan area has become.)

Also, the urban dystopia thing is 20 years outdated. There was big reduction in urban crime rates back in the 1990s.

Comment by phony scandals
2015-07-22 18:17:09

Was it Zoey Tur?

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Comment by Raymond K Hessel
2015-07-22 18:49:23

Also, the urban dystopia thing is 20 years outdated. There was big reduction in urban crime rates back in the 1990s.

Sure. This was just a made-for-TV movie, evidently.

https://www.youtube.com/watch?v=cjPsxhsLouw

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Comment by Selfish Hoarder
2015-07-22 21:00:29

Well ahem, that is Baltimore. I lived there.

Lots of places have decreased crime rates since the 1990s. I’m biased toward “pro life” but the fact is that the Roe V. Wade kept unwanted children from being born. That is the “Freakonomics” conclusion as to why the crime rate has decreased over the years.

 
 
 
Comment by phony scandals
2015-07-22 17:44:02

Hit piece.

The dude is telling white kids they get more scholarships than kids of color. What he uses in his stats are PRIVATE scholarships. He leaves federal and state scholarships / grants out of it while he is telling them how privileged they are.

 
Comment by Professor Bear
2015-07-22 23:22:36

Why are Democrats so fond of maintaining urban hell holes which their misguided socisl agenda perpetuates?

 
 
 
Comment by phony scandals
2015-07-22 18:25:21

Medicare Paid Out ‘Improperly’ $60Bln in 2014

US government has documented massive financial abuses

by Sputnik | July 22, 2015

To establish and maintain Medicare billing privileges, providers and suppliers must be enrolled in a CMS database known as PECOS, which stands for Provider Enrollment, Chain and Ownership System, the report noted.

“In fiscal year 2014, Medicare paid $554 billion for health care and related services. CMS [Centers for Medicare and Medicaid Services] estimates that $60 billion of that total was paid improperly.”

About 1.8 million providers and suppliers were in PECOS as of December 2014, according to the CMS.

The GAO said that it examined the implementation of four enrollment screening procedures that CMS uses to prevent and detect ineligible or potentially fraudulent providers and suppliers from enrolling in the PECOS database.

The report identified weaknesses in two PECOS enrolment procedures: CMS’s verification of provider practice location and physician licensure status.

“GAO’s examination of 2013 data found that about 23,400 of 105,234 of practice location addresses are potentially ineligible.”

The GAO pointed out that the computer software CMS uses as a method to validate applicants’ addresses does not flag potentially ineligible addresses,

Also, a March 2014 CMS “reduced the amount of independent verification conducted by contractors, thereby increasing the program’s vulnerability to potential fraud,” the GAO warned.

The report noted that GAO had been asked “to determine whether PECOS was vulnerable to fraud.”

The GAO recommended that the CMS incorporate flags into its software to help identify potentially questionable addresses, revise its 2014 guidance for verifying practice locations and collect additional license information.

 
Comment by Professor Bear
2015-07-22 20:53:47

America’s worst nightmare:

A Constitutional scholar president who doesn’t respect the American Constitution…

 
Comment by Califoh20
2015-07-22 21:28:40

O on the Daily Show. Smart man! Watch him explain the deal with Iran.

http://thedailyshow.cc.com/episodes/skawjk/july-21–2015—barack-obama

 
Comment by phony scandals
2015-07-23 06:04:52

Q

 
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